JPMorgan Worldwide Securities Services Expands Dedicated Sales Team For Investment Managers

William Stanton hired as new head of expanded sales team for Investment Managers in Western Hemisphere

New York, December 13, 2005 – JPMorgan Worldwide Securities Services, the leading global provider of securities services, today announced that it has expanded its sales team dedicated to providing services to investment managers. William Stanton will run the team that will be responsible for selling a full range of fund services and related products such as fund accounting, fund administration and financial reporting.

The sales team will focus on adding investment management clients in the United States to JPMorgan’s Fund Services platform, which currently includes some of the largest asset management clients in the world, representing $1.7 trillion in assets under custody and administration.

Stanton will report to Christopher E. Lynch, head of JPMorgan Worldwide Securities’ Western Hemisphere Sales for Securities Processing and Securities Lending.

“JPMorgan Worldwide Securities Services is the premier supplier of securities services worldwide with $11 trillion in assets under administration and custody,” Lynch said. “The investment management community is a vital part of our client franchise, so we wanted to enhance our team to provide them with the latest information on the growing number of services that we offer. William Stanton’s deep experience and strong relationships in the investment management community makes him a great choice to lead our expanded team.”

Stanton has more than 20 years of sales and operations experience in financial services and has held key positions at several firms including Citibank, Provident Mutual Life Insurance Company and Prudential Insurance Company of America. Most recently, he was head of a U.S. client management team focused on investment managers at The Bank of New York.

“The investment management marketplace is looking for fresh ideas for their increasingly complex challenges,” said Stanton. “It’s exciting to be at JPMorgan now because we can offer what no other firm can – a truly global and expansive range of securities services, some of the industry’s most experienced people, and the very latest in technological innovation.”

The expanded sales team will be able to offer investment managers a wide range of services including: fund accounting, fund administration, financial reporting, compliance solutions, global custody, network management, exchange traded funds, managed account solutions and securities lending.

For more information go to http://www.jpmorgan.com/visit/imsales.

About JPMorgan Worldwide Securities Services

JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is the global industry leader with $11 trillion in assets under custody. JPMorgan provides innovative custody and securities products and services to the world’s largest institutional investors and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 80 markets to help clients optimize efficiency, mitigate risk and enhance revenue through custody and investor services as well as securities clearance and trust services.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the Internet at www.jpmorganchase.com.

Contact Information

Judy Miller

Treasury & Securities Services

JPMorgan Chase & Co.

Contact via E-mail